Soybean prices fall on weak demand

Soybean prices fell by Rs 26 to Rs 3,616 per quintal in futures trade Wednesday on subdued cues from the market.

At the National Commodity and Derivatives Exchange, soybean contracts for July delivery fell by Rs 26, or 0.71 per cent, to Rs 3,616 per quintal with an open interest of 1,05,890 lots.

Soybean contracts for August delivery also dipped by Rs 20, or 0.55 per cent, to Rs 3,640 per quintal with an open interest of 25,970 lots.